FY2024 EPS Estimates for Karora Resources Inc. (TSE:KRR) Reduced by Analyst

Karora Resources Inc. (TSE:KRR - Free Report) - Analysts at Desjardins cut their FY2024 earnings estimates for shares of Karora Resources in a note issued to investors on Sunday, March 31st. Desjardins analyst J. Sclodnick now forecasts that the company will post earnings of $0.31 per share for the year, down from their previous forecast of $0.34. The consensus estimate for Karora Resources' current full-year earnings is $0.32 per share.

Separately, CIBC upgraded shares of Karora Resources from a "neutral" rating to an "outperform" rating and upped their target price for the company from C$5.25 to C$6.50 in a research report on Wednesday, February 7th.

Karora Resources Trading Up 2.0 %

KRR stock traded up C$0.10 during trading on Tuesday, hitting C$5.18. The company had a trading volume of 442,673 shares, compared to its average volume of 366,099. The firm has a 50-day moving average price of C$4.38 and a 200-day moving average price of C$4.38. The stock has a market cap of C$925.10 million, a price-to-earnings ratio of 101.60 and a beta of 2.00. Karora Resources has a 12 month low of C$3.60 and a 12 month high of C$5.61. The company has a quick ratio of 1.04, a current ratio of 1.68 and a debt-to-equity ratio of 17.18.

Karora Resources Company Profile

Karora Resources Inc operates as a multi-asset mineral resource company in Australia. The company explores for gold, silver, and nickel deposits. It holds 100% interests in the Beta Hunt mine; the Higginsville Gold operations; and Spargos Reward Gold project located in Western Australia. The company was formerly known as Royal Nickel Corporation and changed its name to Karora Resources Inc in June 2020.